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contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …
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Promotions serve two purposes. They ought to provide incentives for employees and to select the best employee for a … benefit as a manager has the strongest incentives to work hard to get promoted. This article shows how the interplay of …
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Firm heterogeneity explains the productivity driven selection mechanism that determines aggregate productivity growth within industries. This paper empirically demonstrates that ICT has a robust impact on firm heterogeneity only when ICT is used intensively and jointly with specific ICT...
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